Tag
AMAZON
Tesla stock rallied more than 7%, bringing its market value to $834 billion. while Facebook closed at a market capitalization of $762 billion.
Latest data reveals that the world's top billionaires gained $270.35 billion in 2020.
Jeff Bezos, the CEO and founder of the most valuable retail company on the planet keeps about $9.53 billion of his assets in cash.
The Dow jumped 11.8% in November, posting its best one-month gain since January 1987. The S&P 500 and Nasdaq Composite surged by 10.8% and 11.8%, respectively
Amazon stock is up 77% YTD, and the company recently announced the launch of an online pharmacy.
Amazon released data to show 19,000 workers, or 1.44% of the total, contracted the virus.
Amazon has introduced a new form of payment technology involving the scanning of shoppers' palm.
Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher.
Top tech brands drifted lower, as investors fretted over uncertainty around the COVID-19 pandemic.
The tech-heavy Nasdaq ended its two-day losing streak, as deal activity lifted sentiment on the sector.
Apple, which hit a $2 trillion market cap on August 19, lost about $325 billion in that time period.
Leading tech stocks like Netflix, Facebook, Amazon, and Google were all down more than 1%.